Science & Technology
Science and Technology
Science and Technology 
Thu, August 4, 2011
Wed, August 3, 2011
Tripp Levy PLLC Announces Investigation of Global Traffic Network
NEW YORK--([ BUSINESS WIRE ])--Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the proposed acquisition of Global Traffic Network, Inc. (NASDAQ: GNET) by the private equity firm GTCR, LLC. Under the terms of the transaction, Global shareholders will receive $14.00 per share.
The investigation concerns, among other things, whether the consideration to be paid to Global shareholders is unfair, inadequate, and substantially below the fair or inherent value of Global. Indeed, analysts have projected that the true inherent value of the company is approx. $16 per share. The investigation further concerns whether the board of directors of Global may have breached their fiduciary duties by not acting in Global shareholders' best interests in connection with the sale process of Global.
If you own Global common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
| Tripp Levy |
| Tripp Levy PLLC |
| 125 East 82nd Street |
| 9th Floor |
| New York, New York |
| Toll Free: 877-772-3975 |
Email: [ contact@tripplevy.com ] |
Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.